1766 FARTH Pitt Farthing VF25 NGC. Betts-520, W-8345, R.7....

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1766 Betts-520 Pitt Farthing, VF25
Very Rare Denomination, Ex: Newman

1766 FARTH Pitt Farthing VF25 NGC. Betts-520, W-8345, R.7. 56.8 gn. Under the terms of the 1765 Stamp Act, American colonists were required to pay tax on printed matter, including ship's papers, newspapers, legal documents, and playing cards, among others. Defense of the American frontier along the Appalachian Mountains required 10,000 troops, and the taxes raised were intended to cover that expense. The Act was anathema to the American colonists, and Prime Minister William Pitt's efforts to repeal the legislation earned him the title of "The Restorer of Commerce," as noted in the obverse legend. Though Pitt halfpennies are available, recent census confirmed only 22 survivors of the rare Pitt farthing. This unblemished example has olive-brown toning with a few splashes of maroon and steel-blue patina. The strike is nicely centered with full borders. Listed on page 52 of the 2020 Guide Book.
Ex: Richard Picker; Eric P. Newman Numismatic Education Society, Eric P. Newman Collection, Part V (Heritage, 11/2014), lot 3002, which realized $30,550.
From The Poulos Family Collection, Part II.

Coin Index Numbers: (NGC ID# 2AUG, PCGS# 232, Greysheet# 65)

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